I have a debt of 3 trillion, and my creditors are begging me not to die.

Chapter 89 Yang Chen wins a great victory, setting off a boom in the Dragon Country stock market

At two o'clock in the afternoon, Yang Chen came to the company.

The bank presidents who had been waiting at the gate of Sihai Group for a long time hurried forward to greet Yang Chen, and then a group of people went to the Sihai Investment Department together.

"Mr. Yang, all the profits from our short selling of Qiangsheng have been transferred to the foreign exchange accounts of the five major banks." Chen Chao reported.

Yang Chen nodded.

Zhao Kun and others immediately called the head office and asked them to verify the information as soon as possible and convert the money into Dragon Coins according to the real-time exchange rate and deposit it into Sihai Investment's account.

Everyone took their seats and waited for the European stock markets to open.

Not long after, big news came from the European market.

"Mr. Yang, I just received news from the European market that Credit Suisse is in a liquidity crisis and is about to declare bankruptcy."

Zhao Kun and other bank presidents stood up in shock.

As leaders in the banking industry, they all know Credit Suisse's position in the European and even global financial markets.

Credit Suisse has total assets of 4 trillion Swiss francs, liabilities of 3.6 trillion Swiss francs, and customer deposits of 1.7 trillion Swiss francs. If Credit Suisse goes bankrupt and liquidates, it is almost certain that depositors will lose all their money.

How bad is this impact?

In movies, there are often scenes where the protagonist or the villain shows off with a Swiss bank draft. Swiss banks are known for their security. Not only do deposits in Swiss banks not earn interest, but also require management fees. However, precisely because of their security, a lot of dirty money likes to be kept there.

Credit Suisse is one of the most important banks in Switzerland. If it goes bankrupt and liquidates, it will definitely bring down the entire Swiss banking system. If a bank run occurs, the entire banking industry will be doomed.

This was why Zhao Kun and others were so shocked that they stood up, because before that they had never dared to imagine that a bank of this level would go bankrupt.

"Haha... Mr. Yang, even a giant like Credit Suisse can't withstand your move. That's awesome!" Zhao Kun praised.

"What a wonder! That's Credit Suisse. I never thought that it would go bankrupt one day. If it goes bankrupt, the entire Swiss banking industry will be seriously affected." Wang Wanli followed.

"Director Yang's conspiracy, with the cooperation of the Bald Eagle, actually took down Credit Suisse. Who would have thought that this would be the result?" Wan Changqing said with a smile.

Yang Chen smiled, and said: “The Bald Eagle is still ruthless. If Credit Suisse really goes bankrupt, the entire European financial market will be in chaos. Switzerland relies on the banking industry to survive, and this is equivalent to digging up their foundation. Therefore, I think UBS will definitely save Credit Suisse and will not let Credit Suisse really go bankrupt. They can't afford the consequences of Credit Suisse's bankruptcy. The Bald Eagle is also embarrassed to dig up the roots of Switzerland, and should allow UBS to acquire Credit Suisse. No matter how UBS handles it, we just need to seize today.”

As we were talking, European stock markets opened one after another.

Influenced by the news that Credit Suisse was about to go bankrupt, the entire European banking sector plummeted at the opening.

Deutsche Bank was plagued by negative news, and coupled with the impact of the news of Credit Suisse's bankruptcy, it took the lead in falling 15 points to "make a statement."

Deutsche Bank's good friend Barclays Bank naturally could not fall behind, falling 10% one hour after the opening.

Yang Chen felt that it was about time. If it continued to fall like this, Europe would be doomed. Even if they had to fall out with the Bald Eagle, they had to take some action. After all, there were many large financial groups in Europe that needed to survive.

Yang Chen wanted to create a time difference and act before the European parties took action.

"Achao, clear the short positions of the Frankfurt DAX Index!" Yang Chen ordered.

Chen Chao immediately did as he was told and ordered the trader to close the position.

More than half an hour later, Chen Chao reported: "Director Yang, the positions have been closed. After deducting taxes, commissions, etc., the total profit is 13.5 billion euros."

Yang Chen nodded, and said: "Withdraw all the cash and transfer it to the Euro currency accounts of various banks."

Chen Chao nodded.

Yang Chen then said to Zhao Kun and others: "Dear bank presidents, we will return the 5 million euros you lent to Sihai Investment, and give us dragon coins for the 13.5 billion euros we earned according to the real-time exchange rate."

Zhao Kun and others immediately nodded in response, saying that there was no problem.

Yang Chen raised his voice and said loudly: "Attention, traders of all banks, if Deutsche Bank drops by 25%, buy and close the position immediately, and if Barclays Bank drops by 15%, also buy and close the position immediately. The rest is up to you to handle. I'm going to go to the bathroom, and I'll go back to the office in a moment. Find me in the office after you're done."

The bank presidents quickly stood up to see Yang Chen out, and then ran back to stare at the market.

Barclays Bank was the first to fall by 15%, and the presidents immediately urged traders to buy and close their positions.

One minute later, Deutsche Bank fell 25%, and the second group of traders immediately bought and closed their positions.

Two hours later, traders from various banks completed their positions and calculated the profits.

The total profit from shorting Deutsche Bank was 120 billion euros, and the total profit from shorting Barclays was 60 billion euros.

Although the money earned was not as much as the loss that year, the momentum was shown.

The presidents happily ran to Yang Chen's office to report on the battle situation.

"Mr. Yang, the positions have been closed. We made 120 billion euros by shorting Deutsche Bank and 60 billion euros by shorting Barclays Bank. Half of this is your personal dividend. Do you want foreign currency or local currency?" Zhao Kun said with a smile.

Yang Chen felt that it would be safer to keep it in his own country. As long as he didn’t think about transferring the assets, he could enjoy this clean money as he pleased, and there would be absolutely no problem.

If the money is placed in a foreign bank, according to the experience of US banks on Earth, it is not safe to deposit money in a foreign bank. They can directly close the bank or burn the deposit data.

"Change all of them into local currency. I only believe in my own country." Yang Chen said.

Zhao Kun smiled and said, "No problem! Once the money is transferred to your account, we will immediately convert it into your local currency according to the real-time exchange rate. However, the court's limit order on your height must be lifted quickly, otherwise your personal account will be frozen once the money arrives."

Yang Chen nodded, and said: "I'll call Wang Wenkang. You guys can call Deutsche and Barclays yourself, I don't want to listen to foreigners swearing, it's too dirty. Haha..."

Zhao Kun and others laughed out loud, and they went to call the heads of Barclays Bank and Deutsche Bank to vent their anger.

Yang Chen called Wang Wenkang and said with a smile, "Mayor Wang, do me a favor and tell the court to lift my height restriction order."

Wang Wenkang smiled and said, "No problem, I'll call right away. I heard that you led the five major banks and Jiangfa Bank to clean up the foreign capital, and even angered their president so much that he had to be hospitalized for emergency treatment?"

"That's because they are narrow-minded. When Jiangfa Bank was acquired, they didn't get as angry as they are." Yang Chen said with a smile.

"Haha... you are right. They are indeed narrow-minded. It has nothing to do with your short selling of them. Then you wait, I will call the court now and lift your height limit order immediately." Wang Wenkang said happily.

At first, I just wanted to keep Yang Chen as the scapegoat, but I didn't expect to pick up a treasure.

Not long after, Zhao Kun and others ran in again.

"Haha... Mr. Yang, let me show you the roar of Deutsche Bank spokesperson Nowitzki." Zhao Kun said excitedly, and then he turned on the recording on his mobile phone.

"Fuck! Fuck! Bitch..."

You can tell Nowitzki is very angry and is swearing at all kinds of swear words.

Then Zhao Kun said, "We made 120 billion euros by shorting Deutsche Bank." Nowitzki was completely defeated. He shouted until his voice broke, and he was choked by his own saliva, and then he started coughing violently.

Yang Chen smiled and said, "It's time to get off work. Do you want to have dinner together tonight?"

"Of course! Ajun has booked a floor at the Binjiang Hotel. You can ask the employees from Sihai Investment Department to come with us. Several banks will treat us today. Let's thank everyone." Zhao Kun said with a smile.

Yang Chen nodded, and said, "OK! Chen Xi, call Chen Chao and ask him to bring the brothers and sisters from the Investment Department to the Binjiang Hotel."

Chen Xi nodded and called Chen Chao to inform him.

Sihai Group sent a shuttle bus to take all employees of the investment department to Binjiang Hotel.

"Come on, let's all raise a toast to President Yang, thank him for revenge for us, thank him for making Longguo's banking industry proud!" said Wang Wanli, president of Longguo Bank, raising his glass.

All the bank presidents stood up with their glasses in hand.

Yang Chen waved his hand and said, “No need to be so polite, sit down, sit down. We have been through many ups and downs together, so just be honest. Come on, let’s do it together.”

"Haha... I like Mr. Yang's personality. He speaks his mind without hiding anything, beating around the bush, or being hypocritical. It's definitely a lifetime blessing to be friends with someone like Mr. Yang." Zhao Kun took the lead in flattering him. "I also like Mr. Yang's personality. I hope to have the honor of becoming his friend." Wang Wanli said.

Other bank presidents also quickly expressed their opinions, hoping to become Yang Chen's friend.

The presidents of various banks, who others might not be able to meet no matter how hard they tried, are now actively begging to be friends with Yang Chen. It all depends on Yang Chen's intention.

With the relationship between the five major banks and Jiangcheng's local Jiangfa Bank, Yang Chen can be guaranteed not to encounter any obstacles in the flow of funds in the future.

Yang Chen raised his glass again and said, “No more words to say, everything is in this glass of wine. Come on, drink it up!”

The bank presidents immediately clinked glasses with Yang Chen happily, and everyone drank it all in one gulp.

……

At this time, Deutsche Bank Longguo Branch and Barclays Bank Longguo Branch each posted a new update on Weibo.

"We are indignant and protesting against Mr. Yang Chen and the five major banks for joining forces to short Deutsche Bank! Don't bring up what happened 15 years ago. The management has changed several times. What right do you have to retaliate against the decision of that management during the term of this management? Dragon Country's foreign policy has always been mutual benefit and win-win. Their behavior obviously violates this national policy. We need Mr. Yang Chen and the five major banks to give us an explanation and compensate us for our losses."

"Barclays Bank has always maintained a good cooperative relationship with Longguo. What happened in the past is over. Why do you want to use what happened 15 years ago as an excuse to retaliate against us? Mr. Yang Chen, I want to ask you, is it really right to only care about your own interests and not care about the lives of others?"

These two banks obviously did not learn the lessons from Goldman Sachs and JPMorgan Chase, which were criticized so much that they called the police.

Now, netizens from Longguo are here to teach them how to behave.

"Damn, the descendants of bandits are really unreasonable. When you were strong, you bullied us. When we became strong and wanted to take revenge, you asked us to let go of our hatred. How can you be so shameless? Is that a butt on your head?"

"You harvested us 15 years ago, and you asked us to forget it. So why are you in such a hurry? According to you, in another 15 years, won't you forget it? I have never seen such a shameless person! Bah!"

"Haha... I just like to see you guys breaking down. Now we've caught up with you in every aspect, you can't accept it, right? You need to adapt quickly, because there will be many things in the future where you will be left behind by us. Don't blame me for scolding you, you shameless thing. Wait another 15 years and you'll forget about it. Hahaha... Bah!"

……

The account administrators of Deutsche Bank and Barclays Bank obviously did not realize the seriousness of the problem. They were so angry about the comments that were all insulting them that they used their official accounts to confront netizens.

The result is predictable. The heads of these two companies were scolded by netizens to the point of mental breakdown and ran to the police.

Not long after, Xue Jian, chairman of Changshan Capital, posted another Weibo. This guy has tasted the sweetness. The previous Weibo post exposing Yang Chen's short selling of Goldman Sachs and JPMorgan Chase earned him 200 million followers. Now he sent out the news he had heard.

"I got the latest news from my friends in Europe. Yang Chen has closed his positions with the five major banks. The five major banks and Jiangfa Bank made 120 billion euros by shorting Deutsche Bank, 60 billion euros by shorting Barclays Bank, and Sihai Investment made 13.5 billion euros by shorting the Frankfurt DAX index. So, Yang Chen made a total of 440 billion eagle coins and 180 billion euros by shorting Goldman Sachs, JPMorgan Chase, Deutsche Bank, and Barclays Bank. Sihai Investment made 13.5 billion euros by shorting the DAX index and 22.8 billion eagle coins by shorting Qiangsheng. I have been investing for most of my life, but I have not made as much money as Director Yang makes in one day. Now I finally understand what the netizens said. I said that the Jiangcheng Municipal Government would never hand over the trillion mess to a buyer. Director Yang is really capable of revitalizing the Sihai Group."

Soon netizens left comments.

"Oh my god, no wonder foreigners like to play with finance. They make money so quickly. They made so much money in just two or three days. Can I still buy the financial products of Sihai Investment? I want to buy some and make money with Mr. Yang."

"Great! The house I bought should be able to turn from a puddle into a real house. When I receive the house, I will definitely worship Mr. Yang. By the way, does anyone have a photo of Mr. Yang? I want to worship him now."

"The house I bought in Sihai is not much better. Five years have passed and there is still only one gate on the land. Please God bless Mr. Yang to make more money and resume the real estate business as soon as possible. The savings of our family for three generations are in this house."

……

Some netizens were not satisfied and left comments in the comment section of Yang Chen’s Weibo.

"Boss Yang is awesome. You are the savior, the lifesaver, and the hope for survival for the owners of the unfinished buildings in Sihai."

"Director Yang, don't be afraid of those foreigners. We will help you scold them back. You still have to harvest them when you should. What a bullshit of destroying the relationship. When they harvested us, they destroyed the relationship. When it's their turn to be harvested, they use the relationship as an excuse."

"Boss Yang, are you still doing Sihai Financial Management? I want to buy some. You raise more money and then go harvest foreigners. You make money as easily as drinking water. You can't stop."

……

The People's Daily reported this incident on its front page with an entire page of headlines.

The first third of the article takes everyone through the process of Qianjiangfa Bank's listing in 15 and its encounter with a bloodbath of short selling led by several institutions including Goldman Sachs.

The remaining two-thirds are about the process of Yang Chen leading six banks to short sell the institution that was seeking revenge on Goldman Sachs, the profits they made, and the historical significance of this successful short selling of foreign capital.

This is the first time since the People's Daily was founded that an entire page has been used to praise one person. This shows how significant the significance of Yang Chen leading the bank to take revenge on foreign capital is.

In addition to the People's Daily, Jinghua News Agency, Longguo Financial News, Longguo Financial News, Longguo Securities News, all national newspapers and periodicals reported Yang Chen's great deeds on the front page.

It is obvious that the authorities want to set an example and give Longguo's financial industry a shot of sedative, so that everyone will believe that Longguo will win the financial war.

Afterwards, the overseas edition of the People's Daily published front-page headlines in dozens of languages, including Eagle language, French, Sakura language, and Korean, striving to let people all over the world know that there was a man named Yang Chen in Long Country, who shorted and harvested Qiangsheng, Goldman Sachs, JPMorgan Chase, Deutsche Bank, Barclays Bank, the Frankfurt DAX Index, and brought Credit Suisse to the brink of bankruptcy.

You have to know that in the past, foreigners saw financial institutions reaping the wealth of other countries as well-known names such as Bridgewater Fund, Tiger Fund, Goldman Sachs, Citigroup, Morgan, etc. Now they saw the two terms "Dragon Country" and "Yang Chen" for the first time.

Soon, Yang Chen's name spread in various countries, including Quora forums, YouTube videos, Twitter platforms, etc. Topics such as "Dragon countryman Yang Chen harvests Goldman Sachs, Qiangsheng, and JPMorgan Chase" and "Dragon countryman Yang Chen shorted Barclays Bank, Deutsche Bank, and Credit Suisse" quickly became hot searches.

Foreign netizens left comments to express their views.

Bald Eagle netizen Jimmy Clinton: "Oh my God, is this true? A Chinese shorted so many international giants at once, and all of them succeeded? Unbelievable operation, how did he do it?"

Mark Billups, a Bald Eagle netizen: "Do you know? The most amazing thing about Yang Chen is the script he designed. Even the Federal Reserve Bank of Eagle has to follow the script. My friend at the Federal Reserve Bank of Eagle said that Powell has been mad these past two days, cursing non-stop every day. It is said that they know that these are all Yang Chen's conspiracies, but they still have to do it because they also want to short Europe and prevent the funds after the interest rate cut from going to the European market."

German netizen Robinson Hans: "Although I am very angry, I still want to say that this is really an inspiring and exciting stock market, which will definitely become a wonderful showdown in the history of human finance. I think this incident can be made into a movie. 15 years ago, the weak banking industry of Longguo was harvested by international giants, and 15 years later, a superhero emerged and led them to complete revenge. Friends, doesn't it sound exciting?"

English netizen Fred John said: "Who gave him the courage to short Barclays? He is undermining the international financial order. All the victimized countries should join forces to sanction him. I am so angry. The share price of Barclays that I hold has plummeted. I want him to compensate me for my losses."

South Korean netizen Jin Zaixi said: "This Dragon countryman is too ignorant. He made some money by doing this, but it will make Dragon country's relationship with other countries worse. The bald eagle will definitely not let him go and will definitely let the FBI arrest him. He also exposed the news that our South Korean fund manager Bill Huang's fund was liquidated. I heard that Bill Huang has ordered a killer to assassinate him."

……

As the Internet heats up, a reporter asked a question at today’s Eagle Fed press conference.

Reporter: "Mr. Powell, there are rumors on the Internet that Yang Chen, a Dragon, had arranged a script for the Eagle Fed in advance. You knew it was a script but still followed it. Do you have anything to say?"

Powell glared at the reporter with a straight face. After a minute of silence, Powell slowly said, "Those are all rumors. We at the Federal Reserve never consult outsiders' opinions when we do things. We always decide on our own. It can only be said that he happened to guess that we would cut interest rates this time. What happened afterwards was just reasonable guesses based on the premise of the interest rate cut."

Reporter: "Then what do you think of Yang Chen's successful shorting of so many international giants at one time? Will you mobilize the FBI to arrest him as the rumors on the Internet say?"

Powell's face became even uglier. Is this kind of question appropriate to ask in this environment?
These journalists have no moral integrity at all in order to gain publicity and traffic.

Powell replied: "He has successfully made so much money by short selling, what else can I say? I can only applaud. We will not mobilize the FBI to arrest him. After all, we are a free market. Since there is a short selling mechanism, we allow anyone to short sell. Everyone is welcome to invest here. As long as you have the ability, you can short sell at will, and we fully support it. However... I would like to ask my friends in the media of Longguo to tell Yang Chen for me. I remember his name."

The reporter from Jinghua News Agency smiled proudly and said, "No problem, I will pass on Mr. Powell's words to Mr. Yang."

Powell waved his hand to signal his second-in-command to take over and continue the interview, while he himself left early because he was in a very bad mood.

Yang Chen's series of battles to become gods was definitely a heavy blow to the Bald Eagle family and the European financial markets, but it was definitely a positive for the Dragon Country's financial markets.

Look, today the A-share market surged by 1 point as soon as it opened. All institutions were buying like crazy, even national teams such as Huijin and Longjin were buying.

Driven by the crazy buying of these institutions, the A-share market soared 8% at the close of trading to 3336.05 points.

The entire market has gone crazy, and the hot search lists on major platforms are all about A-shares.

Yang Chen looked at the financial news, a smile appeared on the corner of his mouth.

“I was wondering why they reported my story so loudly. It turns out they wanted to lure in some cheapskates.” Yang Chen said with a smile.

At this time, Chen Chao ran over.

"Mr. Yang, it exploded, it exploded, the A-share market finally hardened up, and the whole market went crazy. Oops, we bought too little!" Chen Chao said excitedly.

Yang Chen smiled and said: "We will sell all our positions within five minutes of the opening of the market next Monday, and then we will take a break with empty positions for a while."

Chen Chao asked with a puzzled look on his face, "Ah? Why? I've asked around, and all the institutions have rushed in. Now the entire Internet is talking about A-shares. I'm sure there will be a lot of new investors rushing in to buy next Monday. It's not a dream for the market to reach 4000 points. Why are you selling?"

(End of this chapter)